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In Memory of Rajat Deb: Inspiring Man of Ideas and Remarkable Silicon Valley Archetype

By Anjuli Deb -- With deep sadness and profound appreciation, we share the passing of LCG's founder, Dr. Rajat K. Deb. He was our president and one of the first entrepreneurs in the computer revolution. He was also our friend, our teacher and mentor, and for a few of us, our father and grandfather.

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Arevon Celebrates Commencement of Operations at the 300-MW Nighthawk Energy Storage Project in California

LCG, August 12, 2026--Arevon Energy, Inc., an energy developer, owner, and operator, today announced that its 300 MW/1,200 MWh Nighthawk Energy Storage Project in Poway, California, is now operational. Arevon celebrated the project's completion with an on-site ribbon-cutting ceremony attended by project partners, local officials, and others who helped bring the project online. Nighthawk, the largest standalone storage facility in the company's portfolio, should enhance system reliability and is among the San Diego region's most significant energy storage facilities.

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Industry News

Washington Okays Avista Cost Recovery Plan

LCG, May 25, 2001--The Washington Utilities and Transportation Commission has approved an unopposed settlement agreement reached last month between Avista Corp., the staff of the WUTC, the Public Counsel Section of the Washington Attorney General's Office and the Industrial Customers of Northwest Utilities.

Under the agreement, Avista will be able to extend to February 2003 a deferred accounting method that will allow it to weather a period of power shortages without increasing rates to its customers, the company said this morning.

Avista said it expects to be in a surplus power position next year and the revenues from surplus power sales are expected to offset power costs the company has been incurring since July of last year. The company said it anticipates reducing the power-cost deferral balance to zero by the end of February 2003.

In its order, the commission said "Our approval of the Settlement Stipulation offers significant potential that Avista will not seek any increase in rates to its customers related to power supply costs despite the volatility of wholesale power markets in our region during recent periods."

Gary G. Ely, Avista's chief executive, said his company has "worked extremely hard to shield our customers from the substantial electric rate increases that others throughout the region are already experiencing."

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